Zeta Global Holdings Corp. (NYSE:ZETA) Stake Cut by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. significantly reduced its stake in Zeta Global by 89.2% during Q1, leaving it with 43,506 shares valued at approximately $590,000.
• Numerous hedge funds are adjusting their positions in Zeta Global, with firms like Optiver Holding B.V. and Coppell Advisory Solutions LLC increasing their stakes by over 60% and 244%, respectively.
• Wall Street analysts have lowered their price targets for Zeta Global, with ranges between $16.00 to $30.00, while maintaining a consensus rating of "Moderate Buy" for the stock.

Victory Capital Management Inc. reduced its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 89.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,506 shares of the company's stock after selling 360,454 shares during the period. Victory Capital Management Inc.'s holdings in Zeta Global were worth $590,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ZETA. Optiver Holding B.V. increased its position in Zeta Global by 60.9% during the 4th quarter. Optiver Holding B.V. now owns 1,406 shares of the company's stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in Zeta Global during the 1st quarter worth approximately $27,000. Coppell Advisory Solutions LLC increased its position in Zeta Global by 244.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,693 shares of the company's stock worth $31,000 after purchasing an additional 1,201 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Zeta Global during the 4th quarter worth approximately $33,000. Finally, CWM LLC increased its position in Zeta Global by 44.5% during the 1st quarter. CWM LLC now owns 4,106 shares of the company's stock worth $56,000 after purchasing an additional 1,264 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Down 3.6%

Shares of ZETA stock traded down $0.57 during mid-day trading on Friday, reaching $15.08. 7,960,218 shares of the company were exchanged, compared to its average volume of 8,679,770. Zeta Global Holdings Corp. has a fifty-two week low of $10.69 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.33 and a current ratio of 3.33. The company has a market capitalization of $3.55 billion, a P/E ratio of -52.00, a P/E/G ratio of 56.26 and a beta of 1.28. The business's 50 day simple moving average is $14.48 and its 200 day simple moving average is $15.28.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Zeta Global from $25.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Royal Bank Of Canada dropped their target price on shares of Zeta Global from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Canaccord Genuity Group dropped their target price on shares of Zeta Global from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group dropped their target price on shares of Zeta Global from $27.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Truist Financial lowered their price objective on shares of Zeta Global from $42.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $30.36.

Zeta Global Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.